BASEL, SWITZERLAND: Lonza has announced the start of expansion to its bioconjugation facility in Visp, Switzerland together with the successful commercial approval of a third antibody-drug-conjugate (ADC) produced at the site. Building on 12 years of experience in the exacting bioconjugation space, Lonza’s expansion will meet the development and manufacturing needs of pharma and biotech…
DFM launches Sustainability Strategic Plan 2025 to promote best practices
DUBAI: As part of its leading role amongst regional exchanges as well as its status as ‘The World Class Regional Market place, the Dubai Financial Market (DFM) has launched its Sustainability Strategic Plan 2025 aimed at underpinning its continuous efforts to promote Environmental, Social and Governance (ESG) best practices amongst listed companies and other stakeholders.…
Abraaj Group’s K-Electric seeks 150 mmcfd RLNG for its power plants
KARACHI: Abraaj Group’s K-Electric Limited (KE) is considering the procurement of 150 mmcfd of re-gasified liquefied natural gas (RLNG), in the initial phase, to meet the fuel requirements of its two combined cycle gas turbine power plants at the Port Qasim complex. “We have initiated the bidding process, which will determine the preferred bidder and…
TradeStation expands suite of advanced trading offerings with FuturesPlus
TOKYO: TradeStation, a Monex Group company and award-winning online broker-dealer and futures commission merchant, has unveiled TradeStation FuturesPlus, powered by Trading Technologies International, Inc. (TT). The new trading platform provides traders access to premium options-on-futures tools and robust visualization and analysis capabilities, as well as the fast and reliable execution to which TradeStation’s traders have…
JXTG plans restructuring of petroleum product manufacturing & supply network
TOKYO: JXTG Holdings, Inc. has announced that its consolidated subsidiary JXTG Nippon Oil & Energy Corporation has made a decision to acquire the Osaka Refinery, currently operated by Osaka International Refining Company (OIREC). JXTG plans to terminate operation of its refinery functions and restructure it as an asphalt-fueled electric power facility. This change is expected…
United Oil & Gas announces conditional acquisition of Rockhopper Egypt
LONDON: United Oil & Gas Plc, the AIM traded oil and gas exploration and development company, is pleased to announce the proposed acquisition of Rockhopper Egypt Pty Ltd from Rockhopper Exploration Plc, for a headline consideration of US$16 million. The purchase includes a non-operated 22% interest in the Abu Sennan concession onshore Egypt, and the…
Secure Income REIT announces £347mn disposal of private hospitals
LONDON: The Board of Secure Income REIT Plc announced the sale of a portfolio of eight of its nineteen private hospitals let to Ramsay Health Care Limited for a gross consideration of £347 million. The assets sold represent 31% of Ramsay hospitals owned by the Company, at their 31 December 2018 valuations. The purchaser is…
GAN launches internet casino for Parx Casino
DUBLIN: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, announced that GAN and Greenwood Gaming & Entertainment, Inc. trading as ‘Parx Casino’ launched 24/7 Internet casino gaming in the Commonwealth of Pennsylvania. This launch represents the second major launch of online…
Salt Lake to acquire tenements and assets for the Lake Way Project
LONDON: Salt Lake Potash Limited has entered into a Sales Agreement with Blackham Resources Limited to acquire a package of tenements and other key assets for the Lake Way Project, a notice sent to London Stock Exchange said. Salt Lake Potash will pay total consideration of A$10 million, inclusive of A$500,000 payable under the Split…
DP World reports 1.6% gross volume growth in 2Q2019
DUBAI, UAE: DP World PLC handled 35.8 million TEU (Twenty-Foot Equivalent Units) across its global portfolio of container terminals in the first half of 2019, with gross container volumes growing by 0.5% year-on-year on a reported basis and 0.5% on a like-for-like basis. Strong performance across Asia Pacific, Indian Subcontinent and Africa drove growth in…
MASS contracted to supply Electronic Warfare Operation Support
LONDON: Cohort plc, the independent technology business, is pleased to announce that its wholly-owned subsidiary MASS has been awarded a contract to supply services valued at £4.79 million for Electronic Warfare Operation Support (EWOS) to an export customer. The contract will utilise MASS’s uniquely experienced Subject Matter Experts to protect combat aircraft against missile threats.…
Gulf Navigation Holding posts 21% revenue growth in first half of 2019
DUBAI, UAE: Gulf Navigation Holding (GNH), the Dubai Financial Market listed maritime and shipping company, has announced its financial results for the first half of 2019. During the first half of 2019 the Company achieved operating revenue of AED 85.7 million compared to AED 71.1 million during the same period of 2018, a YoY increase…